What's Happening?
Jones Lang LaSalle (JLL) has announced the appointment of Cleavon Tan as Senior Vice President of its Hotels & Hospitality Group in Hong Kong. Tan, who brings over a decade of hospitality advisory expertise, will focus on providing strategic advisory services
to Hong Kong's diverse hotel sector. His role will involve growing and strengthening JLL's platform in Hong Kong, deepening client relationships, and expanding the firm's presence across the hospitality sector in this key global market. Prior to this appointment, Tan was based in Singapore within JLL's Hotels Advisory team, where he worked extensively across markets in North Asia, Southeast Asia, and the Indian Ocean. He has also gained experience in London, which provided him with exposure to mature market dynamics.
Why It's Important?
This appointment is significant as it underscores JLL's commitment to expanding its influence and capabilities in the Asian hospitality market, particularly in Hong Kong. With Tan's extensive experience in advising institutional capital and owners across a wide range of hospitality assets, JLL aims to enhance its strategic advisory services. This move is likely to strengthen JLL's competitive position in the region, potentially attracting more institutional investors, private equity, and owner-operators. The appointment also aligns with JLL's broader strategy to establish a robust hotel advisory presence in the Greater Bay Area, complementing its existing teams in Shanghai and Beijing.
What's Next?
In his new role, Tan will work closely with JLL's business units to build a targeted pipeline of opportunities across institutional investors and other stakeholders. His focus will be on cultivating strong client relationships and identifying strategic entry points in the Hong Kong hospitality market. This could lead to increased engagement and business opportunities for JLL in the region. Additionally, Tan's appointment follows the recent establishment of JLL's hotel advisory services in the Greater Bay Area, indicating a continued focus on expanding their advisory capabilities in key Asian markets.
